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Debt & Specialty Finance
clearflowfinance.com

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Investments

1

About ClearFlow Commercial Finance

ClearFlow Commerical Finance provides working capital solutions through a cloud-based platform that delivers fully digital, efficient, transparent services. The company works with clients who need to fund growth by helping to expand their financial capacity through end-to-end solutions across Project/WIP finance, PO/Receivables finance and Loan Warehousing.

ClearFlow Commercial Finance Headquarter Location

30 Vogell Road Suite 1

Richmond Hill, Ontario, L4B 3K6,

Canada

416-894-7896

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Latest ClearFlow Commercial Finance News

Financeit Announces Funding Capacity of $85 Million

Sep 14, 2019

Toronto-based POS financing platform Financeit has announced the close of a $75 million renewable securitization facility, and a $10 million warehouse facility from a Canadian life insurance company. The company declined to name which Canadian life insurance company. Financeit said the facilities will help the company execute its growth strategy over the coming year. “We have a history of managing successful securitization programs, and we’re thrilled to be launching this new partnership,” said Casper Wong, COO of Financeit. “We see this as the natural evolution of our growth and a major milestone. The company is a known leader in this space and we’re proud to be working with them.” “We see this as the natural evolution of our growth and a major milestone.” – Michael Garrity   In addition to closing the securitization and warehouse funding facilities, Financeit also announced that it has signed an extension of its credit facility agreement with ClearFlow Commercial Finance. According to Financeit, ClearFlow, which provides cash flow to Canadian businesses, will provide an extended credit facility of up to $15 million and a three-year term facility of $20 million to the company. Financeit said the deal will allow the company to extend its product offerings, and add additional capital that Financeit can use to provide loans. “We have been working closely with ClearFlow for over a year and we are delighted that they are demonstrating their confidence in our business by taking this important step in the evolution of our partnership, to provide us with additional stability and capacity to continue to grow,” said Michael Garrity, founder and CEO of Financeit. “We are confident this relationship will continue to be beneficial for both companies.” In October 2016, Financeit raised $22 million in equity financing from The Pritzker Organization, and in April of this year, Financeit announced the renewal of its $100 million funding facility with Concentra, a wholesale bank and trust company for Canada’s credit unions.

ClearFlow Commercial Finance Investments

1 Investments

ClearFlow Commercial Finance has made 1 investments. Their latest investment was in Lendified as part of their Line of Credit - II on October 10, 2017.

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ClearFlow Commercial Finance Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/25/2017

Line of Credit - II

Lendified

$60M

Yes

7

Date

10/25/2017

Round

Line of Credit - II

Company

Lendified

Amount

$60M

New?

Yes

Co-Investors

Sources

7

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